Author: franperez66q@protonmail.com

Space Exploration Technologies should see its shares surge following the strategic acquisition of an artificial intelligence coding firm, according to Oppenheimer. The investment bank has an outperform rating on Elon Musk’s aerospace technology company, which went public last Friday at $135 a share. Oppenheimer raised its SpaceX share price target by 32%, to $250 from $190, implying 30% upside from Wednesday’s close. SpaceX said Tuesday it agreed to buy Cursor , a maker of a popular AI coding tool that allows automatic generation, editing and checking of computer code, for $60 billion in stock. “This deal is highly beneficial for…

Read More

Rep. Bryan Steil, R-Wis., talks with reporters outside a meeting of the House Republican Conference in the U.S. Capitol on Wednesday, March 25, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA Republican House member on Thursday is set to introduce a provision that would ban congressional lawmakers and their families from placing bets on prediction markets on topics including policy, politics, and elections.The provision by Rep. Bryan Steil of Wisconsin is being added to a pending bill that would ban members of Congress from purchasing new shares of individual stocks other than those that are bought with dividends…

Read More

The dangers of being heavily exposed to tech are getting bigger, and investors need to “reduce risk meaningfully” in the space, according to UBS traders. “The market backdrop, and the narratives around the AI trade in semis, have now created an extreme and increasingly binary framework of ‘winners’ versus ‘losers.’ There is very little room for debate around the merits of anything in between,” the bank’s trading desk wrote to clients late Wednesday. Artificial intelligence stocks — specifically chipmakers — have led the boom for the broader market seen over the past three-plus years. The PHLX Semiconductor Index (SOX) has…

Read More

The iconic Golden Gate Bridge and the stunning San Francisco skyline as seen from the Marin Headlands during the vibrant spring season.Dan Kurtzman | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The blockbuster SpaceX IPO and potential upcoming public offerings for OpenAI and Anthropic could create a tax windfall for the state of California. Yet the revenue boost may fall short of previous tech IPOs – at least relative to the firms’ valuations…

Read More

A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. Jeenah Moon | ReutersSince SpaceX’s record-breaking IPO late last week, Elon Musk’s second trillion-dollar company has been the talk of Wall Street. From Musk becoming the world’s first trillionaire to SpaceX moving ahead with a $60 billion acquisition shortly after hitting the market, the first few days of trading have defied norms at every turn.There are too many eyepopping numbers to count, but here are a few that stand out:Funds raised…

Read More